203k Consultant Colorado - 203k loan expert - 203k ready willing and able

The time has never been more ripe for picking up homes in need of TLC. This is your headquarters for the 203k loan program. If you are in the real estate market or looking to buy or sell a home or small income unit YOU need to know about the FHA 203k program. Many asset managers are putting in their listings "no FHA and no VA offers" when they really mean that they want all cash offers or cash to new loan and a quick close... that is "perfect for a 203k". We can guide you to who is closing these deals the quickest and who is paying the draw inspectors the fastest. You want to be sure your project doesn't get stalled due to a slow paying lender. Lets go full steam ahead and get these loans closed fast by using a seasoned team, let us work with you to close quickly.

If you have been bidding on short sale properties and loosing time and time again, you are looking in the wrong place. You should be looking for homes that need some TLC (Tender Love and Care) or homes that are in need of remodeling. "Why?", you ask. Simply this... no home is really considered yours until you put your finishing touches on it. What better way to do this than buying a home that needs those very things so you can get the money to purchase the home and the money to fix it up the way you want to all in one low interest 30-year fixed loan. Thats right. You get to choose the paint, carpet, hardwood flooring, tile, you and you alone and we are here to assist you and walk you through the 203k loan in Colorado. We also can help you across the nation with our associates.

Hi there, I'm Walter Lovely and welcome to our home page. I have been a handyman for many years and when I first saw the 203k loan program I thought I was home. This program and I just fit together like a hand and glove. It is such a pleasure for me to see people not only getting their new home but to actually have input on the choice of colors and amenities. How many times I have seen someone buy a home on a shoestring and everyone knows the roof is bad but they buy it anyway. This loan product, even a Streamlined k can replace that roof and you get a home that will better serve the buyer. I love it. No other way to say it.

If you are a home inspector that has been accused of "killing a deal" you and I know that isn't true but we hear it all the time, right. Now I'd like to you to respond by saying "no, but it is Perfect for a 203k" and as a referral partner we will show the agent how to keep that deal together utilizing the FHA 203k loan program. Invite us out to your organization or group and we'll be happy to tell you how this works. We may both make a little money.

If you need a 203k consultant anywhere in the greater Denver area please contact me right away. We are Willing and Able as our logo states and we would appreciate the opportunity to help you with your needs.

I love helping people get there dream fulfilled as well. We are a service oriented company and if you will give us the opportunity to assist you on your home purchase or refinance you will be pleased, I'm sure. I look forward to working with you.

We have 203k teams set up all over our servicing area so please don't hesitate to call me. As a consultant we can help you in many ways. We can even put you into one of our 203k teams. If you are looking for a loan, we can recommend the lender that will help you the fastest and pay your contractor in a timely manner. We can even recommend a contractor or a few so you have a choice in case you don't know any. We can also work with your contractor if you have one but we bid the project as well to insure you are getting the most for your money. We look forward to serving you, WPL

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HOME INSPECTORS as referral partners. I can't tell you how many times home inspectors get blamed for a deal falling apart. That just ins't what should happen and for your client's sake YOU need to know there are programs like the FHA 203k loan program. This program allows for the deficiencies you found in the home to be repaired by the buyer AFTER the loan closes. So, we invite you to "refer" those to us at 203kLoanCO.com by emailing me directly and we will pay you a referral fee if we get the job.

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CONTRACTORS need more work then you should buy our Guide called "Contractors and the 203k" as it will walk you through the steps of getting work with us but not only us, how about every other 203k consultant in the area too? Pretty nice. We do ask that when you get too busy you tells us and we can cut back on the new work until you get caught up and tell us to turn it back on again. Won't you join our 203k team in Colorado.

Additionally when you get your own work and the client thinks it may cost too much remember that we can finance those construction costs and HUD guarantees your money will be there for the construction.

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Realtors, this is a wonderful product to add to your arsenal. When the deal starts falling apart for whatever reason many times the 203k loan program can tip the scales back in your favor.

Lets say you have a conventional deal and the appraisal comes back 5% low. Turn it into a 203k and you can finance up to 110% of the after improved value.

How about a deal where the seller will not make any repairs... it is an FHA 203k loan so the buyers can make all repairs at their expense AFTER it closes escrow.

Won't you join our 203k Team?

We are proud members of The Mike Young Team, LLC and we look forward to working with you on your next project.

How is a "home inspection" different from a "203k compliance inspection"?

A home inspection is a wonderful tool that every home buyer should use when purchasing a home. It puts the client at ease in many cases. Most people don’t buy a house every day and many only buy one their entire life. I had an Aunt and Uncle that got married on the ship one the way to America around the turn of the century, settled in Richmond CA and never moved from that spot. There is a lot to be said about that but that is another story.

Let’s look at what a “home inspection” is. It is an inspection of the visible aspects of a home by a professional who knows what to look for during the inspection and how it might affect the buyer of this home. It is the home inspector’s job to discover and point out anything they find that might affect the livability of the home and the structure. Many times they get accused of “killing a deal” because they discovered what they were hired to discover. That has always been a joke with home inspectors but it is a fact and we have all heard it. By the way, this has never been a true statement, they just report what they see making their buyer aware of what they are buying.

If we look at this a little closer the home inspector will often “refer” to other trades, licensed professionals, roofers, and structural engineers when they come across something they don’t like or feel requires additional eyes, so to speak. That is all they can do by their procedural code. They cannot be the person that discovers the work then gets to make the repairs, as part of their code of ethics. That person might typically find lots more wrong so they could “pad their construction project” scope of work. This will not happen from a reputable home inspection company belonging to a home inspection association and adhering to their code of ethics. I’ve met allot of home inspectors over the years having been speaker many times at the national conventions of one of the associations or another, and numerous home inspection monthly meetings.

Now you have a home inspection and you may have several references to specific trades to make further inspections. I always recommend a pest inspection but I’m a 203k consultant.

How does a 203k Consultant’s inspection differ from a standard home inspection? They are as different as night and day. Many times we go to the job only to find the borrower already has a home inspection and a pest report. That isn’t all bad. We make a different type of inspection more like a “203k compliance inspection” that resembles a home inspection on the surface but we have to look at the structure and then review any and all existing or soon to be existing reports on the home. Now we have to see and address issues found in the home inspection report and the pest control report but more than that we have to decide what repair is in order for each item called out. We seldom call for other trades to come out and look for us. We, on the other hand, make the decision as to what needs to be completed and provide an approximate cost to fix that item as we create a “scope of work” that a contractor or contractors will bid. If a 203k consultant is doing their job properly they will actually bid the job so the borrower can see if it fits their budget and many times the bid is then whittled down a little bit so it does fit their budget. So a home inspection by a 203k consultant is more of a “deficiency report” yet it does talk about items and their condition good or bad while creating a bid specification to make necessary repairs. The bid specs are prepared and approved by the borrower then this is where many consultants loose it. They are to provide the bid specs to the borrower so the borrower can put them out to some contractors for bid…NOT. Our consultants will actually identify a contractor or contractors at the initial inspection of a property so when the time comes to put this out to bid we send it to the contractors without our prices showing for the client. This way we don’t loose control or momentum and keep this on track for the agents and the lender.

Remember that the consultant gets paid up front on most projects but the rest of the team gets paid a close of escrow. Therefore it is a responsible teammate that maintains control of the situation. Good luck with your next 203k project, they can and do close fast and efficiently. If you want to learn to become a 203k consultant or if you are already a 203k consultant and need high quality 203k consulting software for your reports we are here to serve your needs.

- Mike Young

Reprinted with permission of The Mike Young Team